Banks have been reminded to adopt risk management system that will protect them from being a vehicle of illegal investment activities.
A memorandum dated November 26 and signed by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi Fonacier said it is imperative that BSP-supervised financial institutions (BSFIs) adopt robust risk management system to identify, detect, prevent and mitigate risks arising from illegal activities.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.